HE · Hawaiian Electric Industries Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $746.45M | - | $790.61M | $746.39M | $744.07M | - | $938.38M | $897.36M | $897.16M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $693.07M | - | $738.56M | $692.64M | $681.65M | - | $1.06B | $2.62B | $820.74M | - |
| D&A | $76.56M | - | $73.96M | $73.20M | $65.77M | - | - | - | $68.76M | - |
| Operating Income | $53.38M | - | $52.05M | $53.75M | $62.42M | - | ($126.55M) | ($1.72B) | $76.42M | - |
| Interest Expense | $31.13M | - | $26.21M | $27.26M | $31.59M | - | - | - | - | - |
| Income Tax | $8.14M | - | $8.73M | $13.42M | $6.39M | - | ($45.30M) | ($447.27M) | $11.67M | - |
| Net Income | $30.45M | - | $30.75M | $26.09M | $27.14M | - | ($103.93M) | ($1.30B) | $42.59M | - |
| EPS - Basic | $0.18 | - | $0.18 | $0.15 | $0.15 | - | ($0.91) | ($11.74) | $0.38 | - |
| EPS - Diluted | $0.18 | - | $0.18 | $0.15 | $0.15 | - | ($0.91) | ($11.74) | $0.38 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $452.84M | $501.78M | $548.24M | $154.28M | $629.34M | $750.53M | $1.16B | $550.41M | $485.19M | $679.55M |
| Accounts Receivable | - | $491.53M | - | - | - | $457.17M | - | - | - | $546.70M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $220.10M | $219.06M | $217.33M | $232.94M | $207.12M | $203.45M | - | - | - | $198.88M |
| Current Assets | $1.83B | $1.88B | $1.91B | $1.54B | $1.95B | - | - | - | - | - |
| Total Assets | $8.91B | $8.92B | $8.81B | $8.32B | $8.77B | $8.93B | $17.73B | $17.06B | $16.92B | $17.24B |
| Current Liabilities | $1.37B | $1.43B | $1.42B | $1.44B | $1.32B | - | - | - | - | - |
| Long-term Debt | $2.28B | $2.29B | $2.30B | $1.86B | $2.20B | $2.69B | $2.84B | $2.84B | $2.84B | $2.84B |
| Total Liabilities | $7.28B | $7.32B | $7.22B | $6.76B | $7.23B | $7.42B | $16.12B | $15.94B | $14.51B | $14.86B |
| Stockholders' Equity | $1.64B | $1.61B | $1.56B | $1.53B | $1.51B | $1.48B | $1.58B | $1.09B | $2.38B | $2.34B |
| Retained Earnings | ($635.16M) | ($665.61M) | ($705.41M) | ($736.16M) | ($762.25M) | ($788.92M) | ($431.04M) | ($326.64M) | $968.84M | $926.72M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $61.03M | - | - | - | $49.66M | - | - | - | $124.62M | - |
| Investing Cash Flow | ($101.91M) | - | - | - | ($78.49M) | - | - | - | ($5.59M) | - |
| Financing Cash Flow | ($8.06M) | - | - | - | ($102.21M) | - | - | - | ($310.88M) | - |
| CapEx | $103.53M | - | - | - | $86.54M | - | - | - | $99.55M | - |
| Free Cash Flow | ($42.50M) | - | - | - | ($36.87M) | - | - | - | $25.07M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 7.2% | - | 6.6% | 7.2% | 8.4% | - | -13.5% | -191.6% | 8.5% | - |
| EBITDA margin | 17.4% | - | 15.9% | 17.0% | 17.2% | - | - | - | 16.2% | - |
| Net margin | 4.1% | - | 3.9% | 3.5% | 3.6% | - | -11.1% | -144.3% | 4.7% | - |
| Free cash flow margin | -5.7% | - | - | - | -5.0% | - | - | - | 2.8% | - |
| FCF / Net income | -1.40 | - | - | - | -1.36 | - | - | - | 0.59 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 21.1% | - | 22.1% | 34.0% | 19.1% | - | - | - | 21.5% | - |
| Return on assets | 0.3% | - | 0.3% | 0.3% | 0.3% | - | -0.6% | -7.6% | 0.3% | - |
| Return on equity | 1.9% | - | 2.0% | 1.7% | 1.8% | - | -6.6% | -119.3% | 1.8% | - |
| Return on invested capital | 1.1% | - | 1.1% | 1.0% | 1.4% | - | -2.3% | -34.6% | 1.2% | - |
| Liquidity | ||||||||||
| Current ratio | 1.34 | 1.32 | 1.35 | 1.07 | 1.47 | - | - | - | - | - |
| Quick ratio | 1.34 | 1.32 | 1.35 | 1.07 | 1.47 | - | - | - | - | - |
| Cash ratio | 0.33 | 0.35 | 0.39 | 0.11 | 0.48 | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 1.39 | 1.42 | 1.47 | 1.21 | 1.46 | 1.82 | 1.80 | 2.62 | 1.19 | 1.21 |
| Debt / Assets | 0.26 | 0.26 | 0.26 | 0.22 | 0.25 | 0.30 | 0.16 | 0.17 | 0.17 | 0.16 |
| Debt / EBITDA | 17.55 | - | 18.22 | 14.68 | 17.19 | - | - | - | 19.55 | - |
| Interest coverage | 1.7x | - | 2.0x | 2.0x | 2.0x | - | - | - | - | - |
| Equity multiplier | 5.44 | 5.56 | 5.64 | 5.43 | 5.82 | 6.04 | 11.24 | 15.72 | 7.12 | 7.35 |
| Liabilities / Assets | 0.82 | 0.82 | 0.82 | 0.81 | 0.82 | 0.83 | 0.91 | 0.93 | 0.86 | 0.86 |
| Efficiency | ||||||||||
| Asset turnover | 0.08 | - | 0.09 | 0.09 | 0.08 | - | 0.05 | 0.05 | 0.05 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 82.4x | - | 61.3x | 70.9x | 73.0x | - | - | - | 29.7x | - |
| P / B | 1.6x | - | 1.2x | 1.2x | 1.3x | - | 0.7x | 0.9x | 0.5x | - |
| P / S | 3.4x | - | 2.4x | 2.5x | 2.5x | - | 1.2x | 1.1x | 1.4x | - |
| EV / EBITDA | 33.9x | - | 29.0x | 27.9x | 27.0x | - | - | - | 24.8x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 0.3% | - | -15.7% | -16.8% | -17.1% | - | 4.0% | 0.2% | -3.3% | - |
| Revenue CAGR (3y) | -7.0% | - | -8.8% | -5.9% | -1.8% | - | 7.4% | 9.7% | 11.7% | - |
| Revenue CAGR (5y) | 3.0% | - | 4.3% | 4.2% | 1.9% | - | 4.0% | 4.6% | 6.3% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -14.5% | - | - | - | -18.3% | - | - | - | -18.3% | - |
| Net income growth (YoY) | 12.2% | - | - | - | -36.3% | - | - | - | -22.8% | - |
| EPS growth (YoY) | 20.0% | - | - | - | -60.5% | - | - | - | -24.0% | - |
| EPS CAGR (3y) | -28.9% | - | -31.9% | -32.1% | -38.0% | - | - | - | -13.6% | - |
| EPS CAGR (5y) | -21.1% | - | -21.1% | -19.7% | -13.5% | - | - | - | -2.0% | - |
| FCF growth (YoY) | -15.3% | - | - | - | - | - | - | - | -55.8% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 8.7% | 8.6% | -0.8% | 41.4% | -36.7% | -36.9% | -29.1% | -51.8% | 6.2% | 6.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$3.09B totalElectric Utility Segment$3.07B · 99.5%
All Other Segments$15.71M · 0.5%
Peer comparison
Same SIC group: Electric Services
Comparing HAWAIIAN ELECTRIC INDUSTRIES INC against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Aug 17, 2023 | $0.3600 |
| May 18, 2023 | $0.3600 |
| Feb 22, 2023 | $0.3600 |
| Nov 21, 2022 | $0.3500 |
| Aug 17, 2022 | $0.3500 |
| May 19, 2022 | $0.3500 |
| Feb 23, 2022 | $0.3500 |
| Nov 22, 2021 | $0.3400 |
| Aug 18, 2021 | $0.3400 |
| May 19, 2021 | $0.3400 |
| Feb 24, 2021 | $0.3400 |
| Nov 19, 2020 | $0.3300 |
| Aug 20, 2020 | $0.3300 |
| May 21, 2020 | $0.3300 |
| Feb 25, 2020 | $0.3300 |
| Nov 21, 2019 | $0.3200 |
| Aug 21, 2019 | $0.3200 |
| May 22, 2019 | $0.3200 |
| Feb 25, 2019 | $0.3200 |
| Nov 20, 2018 | $0.3100 |
| Aug 20, 2018 | $0.3100 |
| May 22, 2018 | $0.3100 |
| Feb 21, 2018 | $0.3100 |
| Nov 21, 2017 | $0.3100 |